Jakarta (Antara) – South Korea’s largest automotive company, Hyundai Motor Company. A groundbreaking ceremony was held on Monday (13/11) for a dedicated electric car manufacturing plant in the industrial city of Ulsan with the goal of producing 200,000 vehicles annually starting in 2026.
Hyundai will spend 2 trillion won (Rp 23.7 trillion) to build an electric car factory covering an area of 548,000 square meters in Ulsan, about 300 kilometers southeast of Seoul. Upon completion, the facility will be Hyundai’s first domestic manufacturing plant in 29 years, following the Asan plant, which was built in 1996.
Citing from Yonhap, Monday (13/11), the ceremony was attended by Hyundai Motor Group Executive Chairman Euisun Chung and Ulsan Mayor Ki Du-kyum.
According to Hyundai, the planned facility will be operated through the company’s innovative manufacturing platform developed by the company’s Smart Urban Mobility Centre, the Hyundai Motor Group Innovation Center in Singapore.
The platform considers and simplifies the elements associated with employee safety, comfort and efficient operations. Hyundai uses an intelligent control system based on artificial intelligence and low-carbon, environmentally friendly production methods.
“This dedicated EV (electric vehicle) factory marks another beginning of the era of electrification for the next 50 years,” Chung said in his remarks at the ceremony.
Chung also promised to work with the local government to help Hyundai make Ulsan a “leading innovative mobility” city while leading the electrification era.
Earlier, Hyundai had announced medium to long-term targets of producing and selling 940,000 units of electric vehicles by 2026 and 2 million units by 2030.
Reporter: Fathur Rochman
Editor: Natisha Andarningtyas
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